Paying your self-assessment tax bill doesn't need to be a headache. With a variety of payment options available, you can choose the method that suits you best. Here’s a step-by-step guide to ensure you make your payment to HMRC smoothly and on time.
Online or Telephone Banking (Faster Payments)
• One of the quickest and most straightforward ways to pay is via online or
telephone banking using the Faster Payments service. Here’s how:
o Log in to your online banking account.
o Set up a new payee using HMRC’s bank account details:
Sort code: 08-32-10
Account number: 12001020
o Enter your payment reference number, which is your Unique Taxpayer
Reference (UTR) followed by the letter ‘K’.
o Confirm the payment amount and complete the transaction.
2. Debit or Corporate Credit Card Online
• You can also pay directly on the HMRC website using your debit or corporate credit
card. Note that there may be a fee for using a corporate credit card.
o Visit the HMRC payment page.
o Select the option to pay by card.
o Enter your payment details, including your UTR as the payment reference.
o Submit your payment.
3. Direct Debit
• Setting up a direct debit can be a convenient way to ensure your payments are
made automatically.
o Log in to your HMRC online account.
o Go to the ‘Manage your direct debit’ section.
o Follow the instructions to set up a new direct debit, ensuring you have your
bank details ready.
4. Pay by Bacs
• To make a payment by Bacs, you’ll need to ensure it’s initiated at least three
working days before the due date.
o Set up a new payee in your online banking system using HMRC’s bank
details (Sort code: 08-32-10, Account number: 12001020).
o Include your UTR as the payment reference.
o Submit the payment for processing.
5. At the Post Office or Bank
• You can also make payments at your local Post Office or bank.
o Take your paying-in slip from HMRC and your payment.
o Visit your local Post Office or bank.
o Make the payment over the counter. Ensure you keep the receipt as proof of
payment.
6. Through Your HMRC Online Account
• If you’re registered for online services, you can pay directly through your
HMRC online account.
o Log in to your HMRC online account.
o Go to the ‘Payments’ section.
o Select ‘Make a Payment’ and follow the prompts.
Please see the link to HMRC Payment section for all the above https://www.gov.uk/pay-self-assessment-tax-bill/bank-details
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Paying your self-assessment tax bill on time is crucial to avoid penalties and interest charges. Choose the method that works best for you, and always double-check that you’ve used the correct payment reference. If in doubt, HMRC’s helplines are available to provide assistance.
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